Rico Auto inks JV pact with Singapore's Fairwood for EVs Auto components maker Rico Auto Industries today said it has inked a JV pact with Singapore's Fairwood PTE to manufacture autonomous electric vehicles to be run on a dedicated track.The two partners would have equal shareholding in the joint venture...(The Economic Times)

Affirm joins unicorn club after $200 million round This story was delivered to BI Intelligence "Fintech Briefing" subscribers. To learn more and subscribe, please click here.US-based online point-of-sale (POS) financing provider Affirm has raised $200 million in a Series E round led by GIC, Singapore's sovereign wealth fund, with existing...(Business Insider)

A top exec at trading giant Virtu is out Raymond Holmes, the head of client execution services technology at trading giant Virtu Financial, has left the firm, according to people familiar with the matter. Virtu has been shedding jobs and integrating KCG — which it acquired earlier this year —...(Business Insider)

Demonetisation out of the way, Indians draw up new year plans NEW DELHI: With last year's demonetisation drive behind them, more Indians are looking to head out for the new year celebrations this year. Travel portals said travel numbers during the new year will be significantly higher, with a jump of...(The Economic Times)

Government considering developing own civilian aircraft: Official The government is considering manufacturing civilian aircraft and would like to move ahead with the plan "very fast", a civil aviation ministry official said today.The country's domestic aviation market is one of the fastest growing in the world and has...(The Economic Times)

Major airlines are finally taking on the biggest threat to their business Low-cost carriers accounted for 28% of all passengers traffic in 2016. It's a percentage that's still growing. The rise of low-cost carriers has disrupted an industry traditionally dominated by major legacy carriers.These major airlines are now fighting back with low-cost options...(Business Insider)